The burning platform, followup

Recent news is the Nokia Q2 profit warning, press release May 31 Nokia lowers Devices & Services second quarter 2011 outlook and updates full year 2011 outlook.

From the press release:

Espoo, Finland – Nokia today commented on factors impacting its business and updated its second quarter and full year 2011 outlook for Devices & Services. During the second quarter 2011, multiple factors are negatively impacting Nokia’s Devices & Services business to a greater extent than previously expected. These factors include:

  • the competitive dynamics and market trends across multiple price categories, particularly in China and Europe;
  • a product mix shift towards devices with lower average selling prices and lower gross margins; and
  • pricing tactics by Nokia and certain competitors.

The stock has dropped  19% in the last 5 days,  44% from February 11, 70% in the last 5 years.

And now some very good articles and comments on the topic. Get your opinion.

From @selop “Enjoyed discussion at #D9 with Walt. Quoted Sun Tzu: “We believe in ourselves”, and in our ability to execute well against our strategy.”

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